Northland initiated coverage of CleanSpark (CLSK) with an Outperform rating and $22.50 price target As one of the largest BTC miners, owning and operating about 50 EH/s of capacity across the United States, and now expanding its operations into high performance computing and AI datacenters to further optimize its infrastructure, the firm believes there are “abundant opportunities” for CleanSpark to secure HPC leases on “very attractive terms” in the near to medium term.
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